Werner Enterprises (NASDAQ:WERN) Posts Earnings Results, Misses Estimates By $0.07 EPS

Werner Enterprises (NASDAQ:WERN) released its quarterly earnings results on Tuesday. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07), Briefing.com reports. The firm had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS.

Werner Enterprises Price Performance

WERN opened at $38.31 on Wednesday. The stock’s 50 day moving average price is $37.11 and its 200-day moving average price is $36.74. Werner Enterprises has a 52-week low of $33.12 and a 52-week high of $43.26. The stock has a market capitalization of $2.37 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 11.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 1.69.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is currently 56.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WERN. Susquehanna upped their target price on Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a research note on Thursday, September 26th. Stifel Nicolaus dropped their price target on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Evercore ISI reduced their price objective on Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Thursday, October 3rd. StockNews.com lowered Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, TD Cowen lifted their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.43.

Werner Enterprises Company Profile

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.